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| What
is Vessel Documentation? |
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| Vessel
documentation is a national form of registration through the U.S.
Coast Guard. To qualify, the vessel owner must be a U.S. citizen
or the owner of the corporation must meet Coast Guard citizenship
requirements. The vessel must be a minimum of 5 net tons, which
is a measure of a vessel's volume and should not be confused with
the vessel's weight. Vessels of 5 net tons or more used in fishing
activities on navigable waters or the U.S. or in the Exclusive Economic
Zone (EEZ), or used in coastwise trade must be documented unless
the vessel is exempt from Documentation. |
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| Why
Document your Vessel? |
| A
Certificate of Documentation many times facilitates clearing foreign
ports and U.S. Customs and gives you the status and protection of
a U.S. flagged vessel. Many financial institutions prefer a vessel
to be documented in order to record a First Preferred Ship Mortgage
against the vessel in lieu of a State Title with a lien. |